Question

What do you learn in private-public partnership?

Answer 1

There is no comprehensive definition of public-private partnerships (PPP). As per PPP knowledge lab, PPP can be defined as a long-term contract between a government agency and a private organization in order to facilitate a public service or asset in which a significant risk is taken by the private party and depending upon the level of performance, management responsibility, and remuneration are determined.

In any PPP, it is not important that it includes and service contracts or turnkey construction contracts, which can be seen as a public procurement projects or the utility privatization as there will be a limited role of public sector always. With the increased role or private sectors, the countries are enshrining the definition of PPP in their legislation and they are trying to tailor make the definition to their institutional and legal particularities.

PPP is quite helpful to the government to the promotion and expand the quality of the public system of education; thereby garnering greater appreciation from the public.